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Nonprofiteer
← SCHENECTADY FOUNDATION INC

Form 990 for tax year 2024

Filed by SCHENECTADY FOUNDATION INC.

Totals

Total revenue
$959,037
Total expenses
$885,553
Contributions and grants received
$974,448
Grants paid
$159,723
Program service revenue
$0
Investment income
$1,979
Other revenue
-$17,390
Total assets, end of year
$663,180
Total liabilities, end of year
$121,943
Net assets or fund balances, end of year
$541,237
Program services expenses (Part IX)
$694,555
Management and general expenses
$168,615
Fundraising expenses
$22,383
Program service expenses (Part III)
$694,555

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $681,399

  • 1e · Government grants (contributions)

    $130,736

  • 1f · All other contributions, gifts and grants

    $162,313

  • 3 · Investment income

    total $1,979 · excluded $1,979

  • 8a · Fundraising events: gross income

    $5,150

  • 8b · Fundraising events: direct expenses

    $22,540

  • 8c · Net income from fundraising events

    total -$17,390 · excluded -$17,390

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $159,723 · program services $159,723

  • 5 · Compensation of officers, directors and key employees

    total $183,176 · program services $142,310 · management and general $35,560 · fundraising $5,306

  • 7 · Other salaries and wages

    total $219,665 · program services $169,706 · management and general $43,218 · fundraising $6,741

  • 8 · Pension plan contributions

    total $3,624 · program services $2,706 · management and general $780 · fundraising $138

  • 9 · Other employee benefits

    total $19,061 · program services $16,081 · management and general $2,791 · fundraising $189

  • 10 · Payroll taxes

    total $28,714 · program services $22,339 · management and general $5,542 · fundraising $833

  • 11c · Fees: accounting

    total $19,490 · management and general $19,490

  • 11g · Fees: other

    total $158,316 · program services $119,081 · management and general $39,235

  • 12 · Advertising and promotion

    total $781 · management and general $501 · fundraising $280

  • 13 · Office expenses

    total $33,016 · program services $24,016 · management and general $6,892 · fundraising $2,108

  • 16 · Occupancy

    total $27,500 · program services $21,395 · management and general $5,307 · fundraising $798

  • 19 · Conferences, conventions and meetings

    total $4,346 · program services $3,381 · management and general $839 · fundraising $126

  • 22 · Depreciation, depletion and amortization

    total $3,845 · management and general $3,845

  • 23 · Insurance

    total $6,741 · program services $5,245 · management and general $1,496

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $8,221 · program services $1,814 · management and general $646 · fundraising $5,761

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $4,625 · program services $3,676 · management and general $846 · fundraising $103

  • 24c · Other expenses: EDUCATION AND SEMINARS

    total $3,082 · program services $3,082

  • 24d · Other expenses: MISCELLANEOUS

    total $1,627 · management and general $1,627

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,220 · end of year $466,243

  • 2 · Savings and temporary cash investments

    beginning of year $36,509 · end of year $10,749

  • 4 · Accounts receivable

    beginning of year $38,660 · end of year $15,211

  • 7 · Other notes and loans receivable

    beginning of year $60,000 · end of year $60,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,702 · end of year $1,585

  • 10a · Land, buildings and equipment: cost or other basis

    $27,309

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,406

  • 10c · Land, buildings and equipment, net

    beginning of year $17,748 · end of year $13,903

  • 15 · Other assets

    beginning of year $117,726 · end of year $95,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,141 · end of year $17,103

  • 18 · Grants payable

    beginning of year $48,457 · end of year $6,443

  • 25 · Other liabilities

    beginning of year $118,214 · end of year $98,397

  • 27 · Net assets without donor restrictions

    beginning of year $184,471 · end of year $183,470

  • 28 · Net assets with donor restrictions

    beginning of year $283,282 · end of year $357,767

Mission and programs · 2024

Mission

THE SCHENECTADY FOUNDATION'S MISSION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES. THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE FOUNDATION TO ACHIEVE THIS MISSION.

Activities or mission (Part I)

TO PROVIDE ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION.

  • GRANTS AND SCHOLARSHIPS MADE:THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATING SUPPORT TO THE GRANTS AND SCHOLARSHIP PROGRAMS OF THE SCHENECTADY FOUNDATION, INCLUDING THE CREATION OF GRANT APPLICATIONS AND PROCESSES, PROVIDING TECHNICAL ASSISTANCE TO GRANT APPLICATIONS AND GRANTEES, REVIEWING AND EVALUATING APPLICATIONS, ENSURING DUE DILIGENCE AND FOLLOW-UP THROUGH GRANT REPORTING, TRACKING AND MANAGING GRANT CONDITIONS AND PAYMENTS.

    Expenses $168,328

  • STRATEGIC INITIATIVES:SCHENECTADY FOUNDATION, INC. CARRIES OUT THE FOUNDATION'S PROGRAMS AND STRATEGIC INITIATIVES.IN 2024, STRATEGIC INITIATIVES INCLUDED:1. FOOD SECURITY:A. SCHENECTADY COUNTY FOOD COUNCIL - THE FOOD COUNCIL CONTINUED TO WORK IN THREE KEY AREAS TO IMPROVE THE LOCAL FOOD SYSTEM: A.) ACCESS & EQUITY; B.) ADVOCACY & EMPOWERMENT; C.) AGRICULTURE & FOOD SYSTEMS. THE COUNCIL CONDUCTED MANY COMMUNITY MEETINGS TO BETTER UNDERSTAND HOW RESIDENTS ARE EXPERIENCING FOOD INSECURITY, AND TO PRESENT LEARNING OPPORTUNITIES ABOUT A VARIETY OF FOOD AND NUTRITION TOPICS.B. WEEKEND BACKPACK PROGRAM - THE PROGRAM PROVIDES WEEKEND MEALS TO ELEMENTARY SCHOOL CHILDREN IN SCHENECTADY COUNTY. DURING 2024 THERE WERE 200 STUDENTS SERVED.2. NEIGHBORHOODS:A. THRIVING NEIGHBORHOODS CHALLENGE PROJECTS, A PROGRAM SUPPORTING CITY OF SCHENECTADY RESIDENTS TO MAKE NEIGHBORHOOD IMPROVEMENTS, CONTINUED IN 2024. PROJECTS SUCH AS PARK IMPROVEMENTS AND CULTURAL/ EDUCATIONAL PROGRAMS WERE ADVANCED BY THE COOPERATIVE WORK OF 85 VOLUNTEERS WITH THE RESULTING IMPROVEMENTS BENEFITING ALL CITY RESIDENTS (65,000).3. COMMUNITY-DRIVEN SYSTEMS CHANGE:A. THE ONE SCHENECTADY SYSTEMS CHANGE STRATEGY BEGAN IMPLEMENTATION IN 2024 WITH THE ESTABLISHMENT OF A COMMUNITY CHANGE COUNCIL COMPRISED OF RESIDENTS, AND GRASSROOTS AND GRASSTOPS LEADERS. THE CHANGE COUNCIL FOCUSED ITS EFFORTS ON HOUSING ISSUES WITHIN THE CITY, AND THE DEVELOPMENT OF AN APP TO PROVIDE RENTERS WITH GREATER TRANSPARENCY AS TO CODE VIOLATIONS AND CONDITIONS AT RENTAL PROPERTIES. ONE SCHENECTADY SERVES THE ENTIRE COUNTY OF 150,000 PEOPLE BY CHANGING THE SYSTEMS THAT HAVE KEPT CURRENT SOCIETAL INEQUITIES IN PLACE.

    Expenses $526,227 · Grants $159,723

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Johan Matthews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kirk Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Pamela Pearlman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jennifer Kenneally

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Raysheea Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Omayra Padilla Dejesus

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mona Golub

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Kevin Smith

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Alfred Tompkins

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michael Ozimek

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Carreau

    EXECUTIVE DIRECTOR

    Total calculated
    $183,176
    From this org
    $168,331
    From related orgs
    $0
    Other
    $14,845
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $153,331
    Bonus
    $15,000
    Other
    $0
    Deferred
    $5,275
    Nontaxable benefits
    $9,570
    Filer's total
    $183,176

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202512889349300726

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